14 September 2011 10:37 [Source: Chemical Report]
Updated to mid-August 2011?xml:namespace>
Ethylbenzene (EB) values fell in the second half of May, alongside a decline in benzene and styrene pricing. By June the average cost of EB production had dropped to below $1,300/tonne.
The downward movement continued throughout June, as benzene values fell below $1,100/tonne – their lowest level this year. By the beginning of July, average EB costs were at $1,225/tonne.
However, an upturn in global aromatics levels, caused by tightening supply in the ?xml:namespace>
August initially saw prices continue to firm, peaking at $1,375/tonne. However, a plunge in crude values, and its subsequent effect on benzene prices, has had an impact on EB, bringing values back down below $1,350/tonne.
US ethylbenzene prices were volatile from mid-May to mid-August, following a similar trend in feedstock benzene and ethylene prices.
The ethylbenzene price moved lower in June and July. In June, ethylbenzene prices dipped by 1.5 cents/lb ($33/tonne) to 60.25–62.25 cents/lb as benzene prices and energy futures also declined. The following month, July ethylbenzene prices came down to 55.75–57.75 cents/lb.
The ethylbenzene market rebounded in August, following July benzene and energy futures. August ethylbenzene prices increased 4.75 cents/lb to 60.50–62.50 cents/lb.
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